Sprawled on roughly 40 acres in Charlotte, N.C., The Renaissance is the first Purpose Built Community in the Queen City. Its purpose: be more than a housing option. Developed by Laurel Street Residential in 2016 on behalf of the Charlotte Housing Authority (Now InLivian), The Renaissance offers crad … Read more

In the previous post of this two-part series, we discussed how a purchase agreement with an extended due diligence period could be used to obtain site control of properties with redevelopment potential. We also discussed the specific negotiable terms of assignability, due diligence, earnest money, a … Read more

Local governments in North Carolina that seek to shape or spur downtown development must often gain site control of properties that have strong redevelopment potential. Frequently, a site with strong potential is privately owned, and a savvy local government will first need to obtain site control be … Read more

The real estate development process can become increasingly complex as new requirements are added to a project’s scope. Even when a project is on-schedule, it can be abruptly interrupted by the requirement of a government-mandated traffic impact analysis (TIA). TIAs can be costly and time-consuming, … Read more

According to a recent study, infrastructure is one of the most important drivers of real estate investment. This illustrates how the government, and local municipalities in particular, can play a significant role in supporting private real estate development. Supplying public infrastructure can be o … Read more

Retail development continues to be reliant on the anchor tenant, defined in the ICSC Glossary of Terms as the primary tenant and consumer draw in a mall or large shopping center that makes the overall development economically viable. Visit your nearest shopping center in Anytown, USA and these busin … Read more

Al Czervik is a real estate developer who has invested in several shopping malls and mixed-use developments across the Tar Heel state. He is planning a mixed use development called “Gopher Commons” in your community, but “in order to make the numbers work,” he claims that he needs local government a … Read more